Case Study: Shareholder buyout of lubricants manufacturer, Ferguson & Menzies
Background
Glasgow-based lubricants manufacturer and distributor, Ferguson & Menzies recently completed a shareholder buy-out, led by Managing Director John Proud, for an undisclosed sum.
Established for over 100 years, Ferguson & Menzies are proudly the only Scottish manufacturer of synthetic and mineral based Oils, lubricants and related products for a wide range of industry sectors across the U.K. and Europe.
How we helped
Richard Gibson and Michael Stewart from the corporate finance team at Armstrong Watson, acted as lead advisers to the shareholders, ensuring that the business was bought out without impacting on the operations or staff of the business.
Results
Commenting on the transaction, Managing Director John Proud said,
“It was a huge decision for us to agree to buy out such a significant shareholder and it was important that we did so without impacting the day-to-day operations of the business, or the ability for the Group to continue with our plans for the future.
“Having people who understood the respective motivations of the shareholder and the management to help us throughout this process was incredibly significant, and Armstrong Watson provided the knowledge, advice and reassurance we needed to make this huge step.
Richard Gibson, Armstrong Watson Corporate Finance Partner, commented,
“It has been a pleasure working with the team at Ferguson & Menzies, where we have been involved in the progress of the Group since 2004. Ferguson & Menzies is well positioned to continue its growth under the management team, and we look forward to continuing our relationship with them, helping them secure a long and prosperous future.”
